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<br />{} t: ,4u.i> /77ff( r .::L'lu4. <br /> <br />3 - / 'if - 7'~ <br /> <br />In the Matter of Providing} <br />a Loan to Allow Payment of } <br />Allocated Funds from the} <br />Hotel/Motel Tax Fund } <br /> <br />JEFFERSON COUNTY <br />STATE OF WASHINGTON <br /> <br />RESOLUTION NO. <br /> <br />20-92 <br /> <br />WHEREAS, the present financial condition of the Hotel/Motel Tax Fund <br />precludes the payment of allocated funding for organizations who have been approved to <br />receive funds for tourism promotion activities, without borrowing; and <br />WHEREAS, Engrossed House Bill No. 248, Section 1, adopted 1971 First Ex. <br />Session, in accordance with the provisions of RCW 36.40, permits borrowing when used for <br />a specific purpose, which in this instance shall be providing for continuation of payments to <br />organizations and projects approved for funding from the Hotel Motel Fund, and the net <br />amount needed for the said purpose is the sum of $40,000.00, now, therefore, <br />IT IS HEREBY FOUND AND DECLARED, that the public welfare, convenience <br />and the uninterrupted public services provided by the Hotel/Motel Tax Fund, requires this <br />Board of County Commissioners to proceed in manner and form as herein determined, and that <br />the sum of $40,000.00 be borrowed from the County Current Expense Fund, the same to be <br />repaid in full along with an interest payment of three (3) per cent per annum as the <br />Hotel/Motel Tax Fund accrues sufficiently to make at least a $5,000 payment; and <br />IT IS HEREBY ORDERED, by the Board of County Commissioners that the <br /> <br />County Treasurer be, and she is hereby authorized and empowered, to transfer the amount of <br />Forty Thousand and no/1O0 dollars ($40,000.00) from the unencumbered balance of the <br />Jefferson County Current Expense Fund, into the Jefferson County Hotel/Motel Tax Fund No. <br />125-000-010. <br /> <br />APPROVED AND ADOPTED this <br /> <br />~ <br />/ b day of March, 1992 <br />. <br /> <br />" ,0:::-"'" h . <br /> <br />, ., ~'1 ! t... "'", <br /> <br /> <br />~~,{r;r-.,ì,f,~" . _,',°, ,.~, ~ ';~ > <br />~I 1 "',f;~JI', <br />,,{ ,ï4:l.',;' <br /> <br />ATIEST: ~~(I."," ~'., . <br /> <br />:/ d#f ß( ~ j) oß OM~L <br /> <br />Lorna L. Delaney, q-' <br />Clerk of the Board <br /> <br />SEAL: <br /> <br />JEFFERSON COUNTY <br />BOAR COMMISSIONERS <br /> <br /> <br />. V~i'- <br /> <br />18 rMl 00 <br /> <br />350 <br />